首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
To understand the failings of existing farm programs, it’s important to understand the roots of the current farm crisis. At the
To understand the failings of existing farm programs, it’s important to understand the roots of the current farm crisis. At the
admin
2013-01-19
121
问题
To understand the failings of existing farm programs, it’s important to understand the roots of the current farm crisis. At the heart of the problem is money—how much there is and how much it costs to borrow.
A farmer is a debtor almost by definition. In my own state, it’s not unusual for a wheat farmer with 1,000 acres to owe several hundred thousand dollars for land and machinery. In addition to making payments on these loans, it’s common for such a farmer to borrow about $40, 000 each spring to cover fertilizer, diesel fuel, seed, and other operating expenses. The months before the harvest will be anxious ones as the farmer contemplates all the things that could bring: financial hardship, bad weather, crop disease, insects, falling commodity prices. If he has a good year, the farmer can repay his loans and retain some profit; in a bad one, he can lose his whole farm.
Money thus becomes one of the farmer’s biggest expenses. Most consumers can find some refuge from high interest rates by postponing large purchases like houses or cars. Farmers have no choice. In 1989, for example, farmers paid $12 billion in interest costs while earning $32 billion; last year they paid $22 billion in interest costs, while earning only $ 20 billion. In a business in which profit margins are small, $4,000 more in interest can mean the difference between profit and loss. Since 1985, 100,000 family farms have disappeared, and while interest rates have fallen recently, they still imperil the nation’s farmers.
This is why the most basic part of our nation’s farm policy is its money and credit policy--which is set by Paul Voicker and the Federal Reserve Board. The Federal Reserve Board’s responsibility for nearly ruining our economy is well-known. What’s often overlooked is how the board’s policies have taken an especially devastating toil on farmers. While high interest rates have increased farm expenses, they’ve also undermined the export market farmers have traditionally relied on. High interest rates, by stalling our economic engines, have been a drag on the entire world’s economy. Developing and third world nations have been particularly hard hit. Struggling just to meet interest payments on their loans from multinational banks, they have had little cash left over to buy our farm products.
Even those countries that could still afford our farm products abandoned us for other producers. Our interest rates were so high that they attracted multinational bankers, corporations, and others who speculate on currencies of different countries. These speculators were willing to pay more for dollars in terms of pesos, yen, or marks because those rates guaranteed them such a substantial return.
By "A farmer is a debtor almost by definition. " is meant that ______.
选项
A、a "farmer" originally means a "debtor"
B、farmers have more to buy than workers or whatsoever
C、farmers have no choice but to pay high interest rates
D、farmers are vulnerable to natural disasters
答案
C
解析
这道题为推理题。本文主要讲了高利率给农民带来的危害,而对于高利率,“Most consumers can find some refuge from high interest rates by postponing large purchases like houses or cars. Farmers have no choice. ”所以,farmers注定要成为debtors。
转载请注明原文地址:https://www.kaotiyun.com/show/2P2O777K
0
考博英语
相关试题推荐
WhilehewasinBeijing,hespentallhistime______someimportantmuseumsandbuildings.
TheNationalTrustinBritain,togetherwithsimilarvoluntaryorganization,playsanincreasinglyimportantpartinthepreserv
TheNationalTrustinBritain,togetherwithsimilarvoluntaryorganization,playsanincreasinglyimportantpartinthepreserv
ThatthewomanwassayingwassoimportantthatIaskedeveryonetostoptalkingandlisten.
Inordertohelpthestudentsgetabetterunderstandingofthenewconception,theprofessor______itwithmanyexamples.
Itisnotsomuchthelanguage______theculturalbackgroundthatmakesthebookdifficulttounderstand.
______springsnotoutoftrueanddeepadmiration,butmoreoftenoutofaself-seekingwishtoidentifywithsomeoneimportant
随机试题
_________是心理辅导的前提和基础,是贯穿整个辅导过程的必要手段。
试述高血氨干扰脑细胞能量代谢的机制。
下列哪项不是初级卫生保健的工作内容
诊断新生儿Rh溶血病有确诊价值的试验是()
为了防止形形色色的诱惑和精神污染,导游应不断提高()能力。
班主任熊老师在翻看学生王强与朋友的书信时,发现王强对自己形象有调侃和不礼貌的描述,因此,要求王强到办公室写检讨,熊老师的行为侵犯了学生的()。
请谈一谈你是怎么理解老子的“无为而无不为”的?
决策支持系统的特点是()。
编译时的多态性可以通过使用()获得。
Anewyoungteacherhasjustbegunherwork.Inthefirstdayofschool,aftershereadthelist(名单)ofstudentsinherclass
最新回复
(
0
)